EDJ to Indy---Are you really happy
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I have several friends who left and went Indy and or to a bank platform. They all talk about how happy they are. Everyone, (which is only 6), make more money, sound happier. I sometimes think they don’t want anyone to think they made a mistake with the transition. I mean, how can you be happy not hearing Protective discuss its annuities for the 23rd time at the regional meetings. Just wanting to discuss something…as I’m new. Are you really happy not paying for 24 car garage for Weed dle.
It was the best move I could have ever possibly made, and I am just at the beginning.
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Not exactly the comparison you're asking for, but my move was from the bank platform to indy, and I love it. I've been at it 15 months and I have yet to wake up with a feeling of dread, like I often had on Monday mornings when I worked at the bank.
Life is good in my world...even with Nancy Pelosi as speaker of the house...
Went from Jones to Indy going on 2 1/2 years now, and am very happy. "Free at last, free at last, thank God Almighty I'm free at last."
No, that would be one of your regional meetings. True statement.
Two plus years for me too... couldn't be happier. I've built my practice the way I want it to be, I've honed my skills and become a really good financial advisor. Jones spent 6 years trying to teach me not to think, and it didn't take me that long to remember how!
O.k. but how many of you indy guys have wives that work full time to provide your family health care benefits at a discount as well as good additional income to subsidize your bad months?
It makes a difference doesn't it.
Having a working spouse with benefits would be VERY helpful. I was at Jones for almost 5 years, and most (not all) of the new guys (ie, did not take over a decent office) slugging it out the first 5 or 6 years had a working spouse to make it economically feasible.
I went Indy about 6 months ago, and am looking into using this company for payroll, benefits, etc.: http://www.mybizoffice.com/Individuals/solutionsforindividua ls.html
From what I've been told by them, LPL will deposit my commission into a bank account, and this company will sweep the account daily. They take a percentage (3% or lower depending on volume), and then treat me as an employee. That means I get a W-2, online payroll processing, no quarterly filing, the ability to max out a Fidelity 401K (up to $44K), immediate tax deductions for qualified expenses, AND Aetna group health insurance. It would make tax time SO much easier.
The health insurance looks like it would run me about $1250/month for 2007 (health and dental for a family of four). That sounds steep, but I was paying over $900/month at Jones, and the coverage is comparable.
This is not a commercial for them. I would love it if anyone has any experiences with them (good or bad).
It looks like a viable option. I’ve been wondering if something like that is available for one stop shop benefits and it seems there is.
[quote=ezmoney]
O.k. but how many of you indy guys have wives that work full time to provide your family health care benefits at a discount as well as good additional income to subsidize your bad months?
It makes a difference doesn't it.
[/quote]It does make a difference, largely a positive one. Then again, she also "helps" me spend the money, as well.
My wife is also self-employed. If your wife isn't pulling her weight, give her the boot. At least the occasional prostitute doesn't need a weekly allowance...unless you need her weekly.
Wow…didn’t mean to shock everyone into silence…everything after “My wife is also self-employed” was said in jest, just in case anyone wondered…
Believe me if it wasn’t for my wife I wouldn’t still be here. We budget, work hard and hope for the best. I won’t take her to the summer regionals anymore. They (vets wives) try to spew teh kool-aid about what a great life they have…money, trips, bonuses…and then my wife looks at me like I’m a big loser! Except they leave out the part about taking over a book of business or started when competition was not what it is today. It helped to have the 80-90’s bull market as Put describes. Totally different today…and not that it can’t be done…but it will definately take a lot longer to do…but that’s okay…my computer system is so slow…My clients and prospects are Puts age…so they’re adapting okay. I sent the BOA out to pump water out of the ground so they could have a drink. Got to go…got a 25$ mf addition to make…talk to you in about 22 minutes.
Just had a drunk stop by with some cash he won in the poker machines across the street. Wanted to invest in Skrainkas top picks…Agreed upon P&G…put the cash in a kleenex box and told him to call me when he wanted to sell. Hope he forgets about it…the kids need some shoes, anyway he did believe me when I said we should buy and hold for many, many years!! Lets see…let me look at my GOALS sheet…4 new accts this week…600 gross…yahoo…well did sell those b shares…so actual payout of 35%-donation I made to the local school of 25$…let see…hmmm…210 net…134 net net…-25 donation …I made a wopping 109. Hold on while I call the wifey…“Yep thats right sweety, 109…109. I know the 1200 mortgage is due…but 109…4 new accts. I made 22 presentations on a great 6% bond today. I know they will buy if they have funds available!” Its the recipe baby!!! Can you tell I’m having a terribly slow month! Just havin fun on EDWARD D JONES CO LLP…,
WAIT...WAIT...HOLD ON. AW SHUCKS! It was someone thinking we did loans in lew of his car title...2nd time this week that's happened. Oh well 109 it is as I blow out the candle on this week...Where is Putsy when you need him!!